Mobile banking quickly embraced
(05 February 2013 – Australia) Mobile banking has been embraced by Australians with the number of users exceeding 6 million and the pace of take-up coming at a faster rate than internet banking.
While it took nearly four years for the 6 million figure to be reached for internet banking users, mobile banking hit this number in a little over three years, according to a new source.
Newly released data shows that almost half of Australia's adult population now owns a smartphone with 8.7 million using a smartphone in the past 12 months.
All of Australia’s major banks have recently undergone upgrades of their in-house Android apps, as well as Apple and Windows smartphones.
Westpac, for one, has outlined plans to spend A$240 million on an overhaul of its branch network in response to sweeping technological change.
With branches increasingly being used for advice rather than transactions, the shake-up will see the number of staff cut back and floor space reduced in some branches.
Commonwealth Bank of Australia (CBA), which has more than 2 million mobile customers, last year launched its Kaching mobile banking app, which allows users to transfer fund between friends even without the need for banking details.
Newly released data shows that almost half of Australia's adult population now owns a smartphone with 8.7 million using a smartphone in the past 12 months.
All of Australia’s major banks have recently undergone upgrades of their in-house Android apps, as well as Apple and Windows smartphones.
Westpac, for one, has outlined plans to spend A$240 million on an overhaul of its branch network in response to sweeping technological change.
With branches increasingly being used for advice rather than transactions, the shake-up will see the number of staff cut back and floor space reduced in some branches.
Commonwealth Bank of Australia (CBA), which has more than 2 million mobile customers, last year launched its Kaching mobile banking app, which allows users to transfer fund between friends even without the need for banking details.